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Conversion
AFM
answered on 13-Mar-25 13:11
When we are adding forward points, for USD INR forward we added 67.8 +0.21 however for USD/EUR we added 1.0775+0.004, which i disagree because they have said cents it means 0.4 na ?
latest answer
understood the answer sir
Hrishikesh Pradhan
CA Final
★ 18K+
1
234
composition scheme
Indirect Taxation
answered on 15-Mar-25 11:35
what will be the answer of this question?
latest answer
He can opt only if turnover from services does not exceed 10% of turnover in state during preceeding FY or 5L whichever is higher.
Sakshi Chauhan
CA Inter
★ 6K+
3
224
ITC availment on revocation of cancellation of registration
Indirect Taxation
answered on 15-Mar-25 11:46
Sir, from the date of cancellation of registration till the date of Revocation of cancellation of registration shall I avail ITC ? If yes, Up to which time limit shall I avail ?
latest answer
Thank you so much sir, the wording in ICAI material is so confusing you cleared me now. Thank you so much : )
Jashvanth.K
CA Inter
★ 11K+
4
213
Schedule III
Indirect Taxation
answered on 15-Mar-25 11:38
What is meaning of "supply of warehoused & consignee goods without clearance for home consumption" under schedule III sir?
latest answer
Welcome.
Viveka R
CA Inter
★ 3K+
3
299
Actionable claims
Indirect Taxation
answered on 15-Mar-25 13:53
Value of exempt supply shall, NOT INCLUDE the value of activities or transactions specified in schedule III, EXCEPT those specified in paragraph 5 of the said schedule and supply of warehoused & consignee goods without clearance for home consumption. In schedule III, actionable claims is included. Where it specifies that other than betting, gambling, lottery, etc.,. According to sec 17(3), ITC is allowed for actionable claims. And ITC is not allowed for betting, gambling, lottery, etc.,. Whether my interpretation is correct sir?
latest answer
Okay sir, thank you!
Viveka R
CA Inter
★ 3K+
4
278
What if there is a retrospective impact of a revision in rights for preference shareholders
Financial Reporting
answered on 13-Mar-25 12:22
Dear sir, Please clarify the impact on EPS if a revision in rights for preference shareholders has a retrospective impact. Example: Initial terms- 10% Cumulative. Pref. Shares of 10 each Revised terms- 15% Cumulative. Pref. Shares of 10 each retrospectively, (OR) The company made a one-time adjustment (like a bonus payment) to compensate for past lower dividends or future loss (due to proposed lower revision), and routed it through reserves. (please consider these are exceptional cases to Section 43 and Section 55 of the Companies Act, 2013 as similar to Irredeemable pref. Shares)
latest answer
If preference shares are liability and if bonus is issued. This implies that the redemption value will be higher. You will need to account for modification as per Ind AS 109 and use EIR to account for interest expenses.
Chaitanya Sai Gupta
CA Final
★ 4K+
3
267
Payment of tax
Indirect Taxation
answered on 15-Mar-25 11:38
Supply 1/6, what is the last date to pay tax without interest 20/7 or 30/9
latest answer
Perfect.
Sushmita Chowdhury
CA Inter
★ 2K+
5
247
Unable to download this file
Financial Reporting
answered on 13-Mar-25 13:58
Unable to open class solutions FR file.
latest answer
Pls try on laptop/computer.
sandhya chitturi
CA Final
★ 3K+
1
228
CA final registration
Others
answered on 14-Mar-25 20:27
I've registered for CA final course on 11th February, books haven't arrived yet. Does the registration cost is inclusive for books cost also? Or should I buy it seperate in the cds portal sir? Kindly pls do reply
latest answer
Ok sir
Evangeline Rebecca D
CA Final
★ 2K+
7
219
Pgbp
Direct Taxation
answered on 13-Mar-25 10:15
Scientific asset purchased for 1lac, claimed 100% depreciation & sale for 1.5lac 50000 will be capital gain or pgbp
latest answer
1L is taxed under PGBP and 50K under CG.
Sushmita Chowdhury
CA Inter
★ 2K+
1
226